Does homeowner's insurance cover your belongings inside the house? Or is that extra?

Answer 1

Pending on your insurance company homeowners insurance only cover such things as the building, clearing the rubble, carpets, curtains, etc. Check your Insurance Company's Booklet on what it covers. Alternatively, ask them and if you do not understand them, ask and ask again until you do understand. YOU are the person who will suffer if ill informed, not them. YOU have the right to ensure you are told and understand exactly what they are saying and what it covers.

Beware of household insurances as the cheapest doesn't neccesarily mean the best.
Do they cover relocating your property if you request?
Do they cover accomodation costs whilst waiting for your house to be rebuilt?
How much do they cover in regards to percentage of rent, etc.

Things like fridges, stoves, ovens, vehicles, etc., companies have their own funny ideas of what is a "fixed" item in the household insurance and what is a "content" insurance issue. Remember, car insurance is separate and check to see if the insurance is a new for old policy, market value at time of loss of property. How much would it cost to rebuild? How much would it cost to completely rebuy everything you have inside and do not under any circumstances underestimate how much clothing, shoes, accessories cost. Bed linen, linen, furniture, music items, computer, books, paintings, photos, momentos, etc., etc. etc.

Most companies cover up to $500 cash in the house and jewellery up to $1,000.00

If you have an antique or individual item worth more than $1,000.00 you have to have that individually covered.

There are so many hidden clauses, exclusions, etc., to watch out for.

Example: Definition of Flood Damage- connection hose on the water tap of the washing machine falls off, you have the tap on and are out. You come home and find your house flooded. That is not covered by flood damage in a lot of companies. Same as an overflowing bath.
Usually a flood cover is if your belongings are effected by an actual flood, or if you are out and a branch from a storm falls, breaks your window and water floods the room.

Too confusing to figure out?
No problem. Seek independant insurance brokers on the internet, companies and fill out the online forms. Ask for quotes. Brokers usually come up with the best company for your personal needs. They do the searching for you. You do not pay but if you go through them and choose a company, the company pays them a bonus.
Good luck!

Answer 2

At - INSURECOMPARECAR.INFO- you can compare free quotes RE How does homeowner's insurance cover belongings? ? Maybe this is a stupid question, but I'm new to this. So my fiance and I bought our first home pretty recently. Yes, I'm a bad person and did not read through or understand everything in the giant insurance book. I'm a bit confused as to how homeowner's insurance would cover belongings in the event of a theft, accident or whatever. We chose a low, $500 deductible. Let's say there was a theft. And I estimate the belongings stolen were worth $2000. What's stopping me from saying they were worth $3000? Or more? Wouldn't they want some kind of proof as to the value? I don't have the receipt for the television I bought 3 years ago, for example. I know I can ask my agent these things, but she is too overly helpful and chatters on and on and just ends up confusing me with information overload. :-)

Answer 3

Typical homeowners policies cover your household contents, such as furniture, clothing, kithing items, electronics, etc. Jewelry, furs, other exotic stuff are usually not covered. Call your agent, they'll give you the specifics.

Answer 4

It would depend on how the policy is written. If you have the policy read it. Usually there is some amount of coverage for personal belongings.

Answer 5

Home and contents insurance . Yes its divided into two sections and prices Home insurance covering buildings as specified and Contents insurance covering contents of the home, garage yard etc .~~

Answer 6

HO Insurance covers your dwelling (the house) and everything in it. You should make an inventory of all your personal belongings.

Answer 7

Usually it is included in the premium but is stated on the policty as "Personal Property" . Some personal property is extra such as expensive jewellery, furs, art work, antiques etc.
Hope that helps, check with your agent.

Answer 8

it all depends on how the policy was written,the best advice I can give you is check with your agent and see if there is an allowance for personal property on the policy,and be sure it is enough to cover replacement of your property.

Answer 9

Your belonging are covered for the amount on your policy. You should read your policy carefully.

Answer 10

yes. the standard home owners policy will provide you coverage for your contents. usually the limit is 70 % of the limit on the dwelling.